The non-fungible token CryptoPunk #7557 was sold for 4.444 ETH (~$19,400), which is about 3% of the estimated market price for a similar asset.
The collection contains only 55 CryptoPunks with a diadem. On the creator’s NFT platform by Larva Labs, the cheapest of them costs 350 ETH (~$1.52 million). The most affordable of all released tokens is valued at 96.5 ETH (~$421,000).
On October 27, the diadem CryptoPunk (#8420) on the OpenSea marketplace was sold for 196.69 ETH (~$856,000).
A low-price listing for CryptoPunk #7557 may have been the result of an error. The previous owner had previously listed the token for sale at 8,888 ETH.
Presumably, this time he tried to sell it for 4,444 ETH, but misread the notation. Instead of the comma used in English for thousands separators, the user apparently placed a period — a decimal separator.
The buyer aimed to close the deal as quickly as possible. He used the Flashbots service, which lets him negotiate with Ethereum miners to obtain priority for a transaction, and paid 3.33 ETH for its front-of-line inclusion in the block.
In August, an NFT from the CryptoPunk collection was accidentally sold for 99 Wei (less than $0.01). The buyer then paid via Flashbots to a miner 22 ETH to avoid being outbid.
CryptoPunk is one of the early NFT releases, comprising 10,000 pixel images of people, aliens, apes and zombies. According to Larva Labs, the total trading volume of tokens since the collection’s 2017 launch stands at 566,000 ETH ($1.57 billion).
Earlier in October, NFT CryptoPunk #9998 was sold for a record 124,457 ETH ($532 million at the time of the transaction). However, the deal turned out to be fake — the owner acted as the buyer himself.